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This week in money-in-politics
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Low on cash and delegates, Warren ends her White House bid
Sen. Elizabeth Warren (D-Mass.) suspended her campaign Thursday, ending a White House bid highlighted by fierce debate performances and strong grassroots support.
Like her fellow progressive Sen. Bernie Sanders (I-Vt.), Warren rejected big-dollar fundraisers and relied mostly on small donors to fund her campaign. Of her $92 million fundraising haul, more than half came from those giving $200 or less. Warren’s campaign received significant support from women donors, who accounted for more than half of her fundraising total. She did not have a stark gender gap like Sanders, who received 39 percent of his campaign cash from women.
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Trump’s nominee to restore FEC criticized for ‘dark money’ history
Senate Republicans will consider advancing President Donald Trump’s GOP nominee to the Federal Election Commission next week, potentially giving the paralyzed watchdog the fourth member it needs to enforce election law.
Transparency groups are criticizing Trump’s pick — Texas election lawyer James “Trey” Trainor — over his opposition to campaign finance regulation.
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Bloomberg’s half-billion dollar investment failed to pay dividends
Michael Bloomberg dropped out of the Democratic presidential primary Wednesday after his half-billion dollar campaign fell flat on Super Tuesday. Despite spending unprecedented sums on advertising and campaign staff, the billionaire philanthropist didn’t win a single state.
Bloomberg endorsed Joe Biden on the heels of the former vice president’s hugely successful night.
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Establishment Democrats edge out AOC-backed candidates on Super Tuesday
Progressive candidates backed by Rep. Alexandria Ocasio-Cortez (D-N.Y.) were unable to replicate the freshman lawmaker’s 2018 success on Super Tuesday, losing to better funded Democrats. In one of the more closely watched races, progressive challenger Jessica Cisneros narrowly lost to 15-year incumbent Rep. Henry Cuellar (D-Texas) in Texas’ 28th district.
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